Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) Shares Up 0.8% – Time to Buy?

Grayscale Ethereum Trust ETF (NYSEARCA:ETHEGet Free Report)’s stock price was up 0.8% on Wednesday . The stock traded as high as $37.49 and last traded at $37.15. Approximately 5,413,895 shares were traded during trading, an increase of 4% from the average daily volume of 5,181,605 shares. The stock had previously closed at $36.84.

Grayscale Ethereum Trust ETF Stock Performance

The firm has a market cap of $10.00 billion, a price-to-earnings ratio of 2.06 and a beta of 3.85. The company’s fifty day moving average is $35.44 and its two-hundred day moving average is $25.25.

About Grayscale Ethereum Trust ETF

(Get Free Report)

The Grayscale Ethereum Trust ETF (ETHE) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of ether (ETH). An investment in the fund is not a direct investment in ether. ETHE was launched on Dec 14, 2017 and is issued by Grayscale.

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